“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

The Linked Insurance Products do not offer any liquidity during the first five years of the
contract. The policyholder will not be able to surrender or withdraw the monies invested
in Linked Insurance Products completely or partially till the end of the fifth year.
 Kotak e-Invest Plus
A Non-Participating Unit-Linked Life Insurance Individual
Savings Product

You have your goals set in life and are working hard to achieve them. In
this journey, it is important that your hard earned money is invested in
the right funds at minimal cost. Keeping this in mind, Kotak Life
Insurance introduces Kotak e-Invest Plus - a comprehensive Unit
Linked Life Insurance Plan that can be customized as per your goals
and requirements.

To take care of various needs, we have designed an insurance plan that

can be customized to meet your needs- whether it is protection;
investment; financial security for child; retirement planning – this is an
all in one solution. The plan offers cover to financially support your
family in case of your unfortunate demise. As a responsible parent,
‘Rising Star’ plan option ensures your child’s future is not
compromised in your absence. Benefits under ‘Retire Rich’ option
ensure your lifestyle is not compromised even after you call it a day at
work. These, along with unmatched combination of strategies and
flexibilities ensure your goals are achieved no matter what.

1
Key Advantages
• 100% allocation of your premiums.
th
• Yearly Additions starting from end of 6 policy year onwards till
maturity or death whichever is earlier based on the plan options.
• 25% to 200% of Life Cover charges deducted will be added to your
fund value (if applicable).
• Rising Star option offers Triple Protection Benefit on parent’s death
through lump sum payout, monthly income and policy continuation
till maturity.
• Retire Rich Option cover till the age of 99 years.
• Retirement Income along with Income Booster ensures your
expenses after Retirement are taken care of.
• Provides flexibility to choose from two Investment Strategies.

Plan Options
I. Maximizer:
This option is aimed at maximizing your returns for the money
invested.

II. Rising Star:

This option is ideal for securing your loved ones’ dreams,
aspirations and goals. While the money invested will help to
maximize your earnings, the earnings are not compromised in case
of your unfortunate demise. As death benefit, Basic Sum Assured
under the plan is paid as lump sum to your nominee (or the
Appointee in case the nominee is a minor) in the Plan. In addition to
this, Monthly Income for the remaining policy term (minimum of 36
months and maximum of 120 months) ensures a Regular Income
to your family. Furthermore, Company waives off all future

2
 premiums and Policy continues till Maturity. The Yearly Additions
will continue to be applicable. At maturity, the corpus will be paid to
the Nominee.

III. Retire Rich:

This option covers you till the age of 99 years. You have an option to
avail Retirement Income in the form of Systematic Withdrawal any
time after the policy anniversary immediately following completion
of age of 60 years. Income Booster of additional 0.5% p.a. to the
percentage you have already selected for Retirement Income
ensures you do not compromise on your lifestyle even after
retirement.

Yearly Additions
th
Starting from end of 6 Policy year, till maturity or death whichever is
earlier, 3% of Annual Premium is infused into the Fund at the end of
each policy year.

Note:
1. The Yearly Additions shall be added to fund(s) based on the
applicable unit price(s), provided all due premiums have been paid
in full and the policy is in-force.
2. In case of any alteration done on premium, annual premium
effective at the beginning of the policy year is considered for
calculation of yearly additions.
3. In case of Rising Star Option, Yearly additions will be infused from
end of 6th policy year onwards till the date of maturity irrespective
death of life insured provided all the due premiums have been paid
till the date of death.

3
Return of Mortality Charge (ROMC)

For Plan Option – Maximizer

On survival of Life Insured till Maturity, on the maturity date, a
percentage of the total amount of Mortality Charges deducted in
respect of life cover provided throughout the Policy Term will be added
back to the Fund Value based on the Policy Term chosen. The
Percentage varies based on the Age at Entry of Life Insured and the
Policy Term chosen, as shown below:-

ROMC as % of Sum of mortality charges

Policy Term
Age at Entry Age at Entry Age at Entry
<= 50 years 51 - 55 years > 55 years
10 years 150% 50% 25%
12 years 160% 50% 25%
15 years 175% 50% 25%
20 years 200% 50% 25%

For Retire Rich option

At the end of policy year following 60th birthday of Life Insured, a % of
total amount of mortality charges deducted in respect of life cover till
then will be added back to the Fund Value. Such percentages vary
based on number of years completed as at the end of policy year
th
coinciding or immediately following 60 birthday of Life Insured.

No. of years completed as on date

ROMC
of ROMC infusion
10 -11 years 150%
12 -14 years 160%
15 -19 years 175%
20 years & above 200%
ROMC is not applicable under Rising Star plan option.

4
 Note:

1) The Benefit is not applicable in case of a Surrendered,

Discontinued or Reduced paid up policies. However, the benefit
will be payable if all due Premiums under the policy have been
paid up to date.
2) ROMC Amount will be allocated to the fund(s) in the same
proportion of the Fund Value as available on the due date of
ROMC.
3) ROMC will be excluding any extra mortality charge. Goods and
Services Tax & Cess levied on the charges will not be added
back. The taxes are subject to changes in tax laws.

Retirement Income and Income Booster

• In order to take care of Retirement needs, Policyholder has an
option to receive income any time after the policy anniversary
immediately following Life Insured's completion of 60 years of the
Life insured.
• Retirement Income is in the form of Systematic Withdrawals and
will be expressed as a Percentage of the Fund Value.
• Policyholder needs to choose any percentage ranging from 1% to
12% (in multiples of 1%) and the Frequency of payment - yearly,
half-yearly, quarterly or monthly.
• Policyholder has an option to choose the Retirement Income
percentage, 30 days prior to start of Retirement Income, by
intimating the company.

Note:

1. Retirement Income is a Systematic Withdrawal where no

partial withdrawal charges are applicable.

5
 2. Retirement Income will be paid over the remaining Policy Term
or till the policyholder terminates the option, subject to
availability of fund and the policy being in force. The Fund Value
after payment of Retirement Income instalments should not
drop below 105% of the Total Premiums paid till date.
3. Once the Fund Value drops to 105% of Total premiums, the
Retirement Income terminates while the policy will still be in
force. Policyholder has an option to start the Retirement
Income payout again once the Fund Value grows beyond 105%
of Total premiums by informing the Company 15 days prior to
next policy anniversary.
4. The Retirement Income instalment will be paid by redeeming
Units from the funds in the same proportion as the Fund Value
in each Fund and will be redeemed at the Unit Price applicable
on the date of each Retirement Income instalment.
5. Partial Withdrawals are allowed during the Retirement Income
Period also.
6. Policyholder has an option to change the percentage chosen or
the frequency of payout anytime during the Policy Term even
after start of the Retirement Income payout by informing the
Company 15 days prior to next policy anniversary. Once the
percentage is changed, the Income booster will again start
afresh. However, the Income booster will not be affected by
change in Frequency of payout.
7. Policyholder also has an option to exit out of the Retirement
Income option as well as to avail the option again during the
Policy term. In case of Policyholder wants to opt for Retirement
Income again, policyholder will need to intimate the Company
15 days prior to next policy anniversary.
8. Given that the retirement income period starts after the end of
lock-in period, the Policyholder will also have the option to
withdraw the Fund Value completely as Surrender Benefit any
time during the Retirement Income period.

6
 9. Retirement Income is also applicable for In-force and Reduced
Paid Up polices subject to the terms and conditions mentioned
above.
10. Applicable charges shall be deducted during this period. Refer
point 3 under Terms & Conditions for applicable charges for
Reduced Paid-Up policies.

Investment Strategies
This plan enables you to choose the funds that suit your risk-return
profile. It offers you the flexibility to choose from 2 Investment
Strategies: (1) Self-Managed Strategy and (2) Age Based Strategy.

1. Self-Managed Strategy:
This strategy offers you the flexibility to choose from a wide
range of segregated fund options that will help to maximize your
earnings potential. The available fund options will allow you to
balance your risk profile with the tenure of your investment.

Segregated Risk-
Money
Fund Fund Objective Return Equity Debt
Market
Options Profile
Classic Aims to maximize Aggressive 75%- 0%-25% 0%-25%
Opportunities opportunity for long 100%
Fund (ULIF- term capital growth,
033-16/12/09 by holding a
-CLAOPPFND significant portion
-107) in a diversified and
flexible mix of large
/ medium sized
company equities.

7
 Frontline Aims for a high Aggressive 60%-100% 0%-40% 0%-40%
Equity Fund level of capital
(ULIF-034- growth for you,
17/12/09- by holding a
FRLEQUFND significant
-107) portion in large
sized company
equities
Kotak Mid Cap Aims to Aggressive 75%-100% 0%-25% 0%-25%
Advantage maximize
Fund (ULIF05 opportunity for
4150923MID long-term
CAPFUND107) capital growth,
by holding a
significant
portion in a
diversified and
flexible mix of
medium and
small sized
company
equities.
Kotak The Investment Aggressive 75%-100% 0%-25% 0%-25%
Nifty 500 objective of the
Multicap fund is to
Momentum provide capital
Quality 50 appreciation by
Index Fund majorly investing
(ULIF058210 in companies
425MOMQUA forming part of
50IL107) Nifty 500
Multicap
Momentum
Quality 50 Index
Balanced Fund Aims for Moderate 30%-60% 20%-70% 0%-40%
(ULIF-037- moderate growth
21/12/09- for you by
BALKFND-107) holding a

8
 diversified mix of
equities and
fixed interest
instruments.
Dynamic Bond Aims to preserve Conservative - 60%- 0%-40%
Fund (ULIF- capital by 100%
015-15/04/04 investing in high
-DYBNDFND- quality corporate
107) bonds and
generating
relatively higher
fixed returns
Dynamic Aims to Conservative - 60%- 0%-40%
Floating Rate minimize the 100%
Fund (ULIF- downside of
020-07/12/04 interest rate risk
-DYFLTRFND- by investing in
107) floating rate debt
instruments that
give returns in
line with interest
rate movements
Dynamic Gilt Aims to provide Conservative - 80%- 0%-20%
Fund (ULIF- safety to capital 100%
006-27/06/03 by investing in
-DYGLTFND- Govt. Securities
107) where default
risk is close to
zero
Money Market Aims to protect Secure - - 100%
Fund (ULIF- your capital and
041-05/01/10 not have
-MNMKKFND- downside risks.
107)
Money Market Fund (ULIF-041-05/01/10-MNMKKFND-107) is the
Default Fund in case of closure or modification of any fund offered
under this product unless a specific fund is opted for by the
Policyholder.
9
 Note: In the Scenario where the funds attached to the Product
Kotak e-Invest Plus (UIN: 107L137V02) approved by the Board of
the insurer, does not comply with Clause A.8) of Annexure INV-I of
Schedule III as per the IRDAI (Actuarial, Finance & Investment
Functions of Insurers) Regulations, 2024, the policyholder will be
given a free switches to fund which has similar fund objective / risk
profile with same or lower fund management charge (FMC) in
compliance with Clause A.8) of Annexure INV-I of Schedule III as
per the IRDAI (Actuarial, Finance & Investment Functions of
Insurers) Regulations, 2024.
Also if there are no similar fund with similar risk profile, the
Policyholders will be given an option to choose from the following
alternative funds with same or lower FMC.
The switching can be made to the one of the following funds. The
default fund shall be Money Market Fund.
Name of the
SFIN No Risk Profile
Segregated Fund
ULIF-034-17/12/09-FRLEQUFND-107 Frontline Equity Aggressive
Fund
ULIF-033-16/12/09-CLAOPPFND-107 Classic Aggressive
Opportunities Fund
ULIF054150923MIDCAPFUND107 Kotak Mid Cap Aggressive
Advantage Fund
ULIF058210425MOMQUA50IL107 Kotak Nifty 500 Aggressive
Multicap
Momentum Quality
50 Index Fund
ULIF-015-15/04/04-DYBNDFND-107 Dynamic Bond Fund Conservative
ULIF-020-07/12/04-DYFLTRFND-107 Dynamic Floating Conservative
Rate Fund
ULIF-006-27/06/03-DYGLTFND-107 Dynamic Conservative
Gilt Fund
ULIF-037-21/12/09-BALKFND-107 Balanced Fund Moderate
ULIF-041-05/01/10-MNMKKFND-107 Money Market Fund Secure

9
2. Age Based Strategy:
Financial requirements keep changing with age and your life stage,
hence your investments must be attuned to adapt to your changing
needs. This strategy is a unique and personalized strategy that will
help you to create an ideal balance between equity and debt, based
on your age and risk appetite viz. Aggressive, Moderate and
Conservative.

Based on your age and chosen risk appetite, allocation is done

between Classic Opportunities Fund and Dynamic Bond Fund. This
strategy cannot be opted in the last policy year.
Following is the how the allocation happens between the funds
with progress in age under each Risk Appetite:

Aggressive
Age of Life Insured (years) Classic Opportunities Fund Dynamic Bond Fund
0-25 80% 20%
26-35 70% 30%
36-45 60% 40%
46-50 50% 50%
51 onwards 40% 60%

Moderate
Age of Life Insured (years) Classic Opportunities Fund Dynamic Bond Fund
0-25 70% 30%
26-35 60% 40%
36-45 50% 50%
46-50 40% 60%
51 onwards 30% 70%

10
Conservative
Age of Life Insured (years) Classic Opportunities Fund Dynamic Bond Fund
0-25 60% 40%
26-35 50% 50%
36-45 40% 60%
46-50 30% 70%
51 onwards 20% 80%

In case you wish to change the Risk Appetite during the policy term,
you can do so only 4 times in a policy year free of cost through a written
request which shall be effective from next month-versary (monthly
policy anniversary). Whenever the Risk Appetite is changed, the fund
allocation as per the opted Risk Appetite chosen will continue till 1
policy year before maturity unless changed.

In case of Rising Start option:

Upon death of Life Insured during the policy term the age based
strategy will be converted to self-managed strategy by default. The
confirmation on the funds to be invested in to be provided by the
Nominee/Appointee (in case nominee is a minor).

Monthly rebalancing:
On a monthly basis, units shall be rebalanced as necessary to achieve
the above proportions of the Fund Value in the identified funds. The re-
balancing of units shall be done on the month-versary (monthly policy
anniversary). The above proportions shall apply until the last 12 Policy
months are remaining.

11
Safety on maturity:
As the Policy approaches the Maturity date, to ensure that short-term
market volatility does not affect the accumulated savings, the total
corpus will be transferred from the above funds to the Money Market
Fund during last 12 Policy months in the manner as mentioned below:

Policy Month 1 2 3 4 5 6 7 8 9 10 11 12
Proportion
of units 1/12 1/11 1/10 1/9 1/8 1/7 1/6 1/5 1/4 1/3 1/2 1/1
transferred
The Policyholder shall also have the option to switch to Self-Managed Strategy.

Maturity Benefit

For Plan Options: Maximizer / Retire Rich

On Survival of the Life Insured to the end of the policy term, if all
premiums are paid up to date and the policy is in force, Fund Value as
on the date of Maturity (inclusive of ROMC and Yearly Additions if any)
shall be payable.

The maturity proceeds in case Retire Rich will be paid as lumpsum

only. Please note settlement option is not available for Retire Rich
option.

For Plan Option: Rising Star

Fund Value as on the date of Maturity (inclusive of Yearly Additions) is
payable.

In case of Rising Star, Maturity Benefit [i.e. fund Value as on the date of
Maturity (inclusive of Yearly Additions)] is paid irrespective of survival
of the Life Insured if the due premiums have been paid till date of death.
In the other plan options, Maturity Benefit is paid subject to survival of
Life Insured till Maturity.

12
Maturity Benefit under Rising Star is paid as lump sum only while in
case of Maximizer plan options, you can opt to take your Fund Value as
a lump sum and terminate your policy OR you can select the
Settlement Option.

For further details on Settlement Option, please refer to Terms and

Conditions #6 in this document

Death Benefit

For Plan Options Maximizer / Retire Rich :

In the event of death, where all due premiums have been paid, your
family would receive:

Highest of:
2
• Basic Sum Assured less applicable partial withdrawals (if any), Or
• Fund Value (inclusive of Yearly Additions and ROMC, if any), Or
• 105% of total premiums paid^ till date of death less applicable
2
partial withdrawal (if any)
The death benefit shall be payable in lumpsum and the policy
terminates thereafter

Rising Star
In case of death of Life Insured during the term of the policy, following
benefits are applicable:-
1. Higher of (Basic Sum Assured or 105% of Total premiums paid^ till
date of death of Life Insured) less Applicable partial withdrawals is
paid as lump sum PLUS
2. Regular Monthly Income (as mentioned below) over outstanding
policy term (subject to minimum 36 installments and maximum
120 installments).
3. The policy remains in force, without any death benefit by waiving of

14
 all the future premiums. Future Premiums are infused into the Fund
as on the date of Claim settlement.

Regular Monthly Income starts from the next month after Lumpsum
payment and is paid as below :
• 1% of Basic Sum Assured is paid monthly to the beneficiary starting
from the policy month-versary following the date of death of the
Life Insured, for outstanding policy term (subject to minimum 36
installements and maximum 120 installements).
• The Beneficiary (Nominee/Appointee) has an option to avail future
Monthly Income as lump sum, discounted at 5% p.a. The discount
rate might change in future based on the Company’s decision
subject to prior approval from IRDAI.

The Policy is also eligible for Yearly Additions as and when it is

applicable. The policy continues to be in-force till Maturity without any
death benefit. Policy Administration and Fund Management charges
shall be applicable.

Please note: For more details on applicable Partial Withdrawals,

please refer to the Point # 2 under Terms and Conditions and for details
on Death Benefit under reduced paid up status, please refer to Point # 4
in this document.
^Total premiums paid means the total of all the premiums received
excluding Rider premium(s), if any

Tax Benefit
Tax benefits as under the Income-tax Act, 1961 would be applicable.
Tax laws are subject to amendments from time to time. Customer is
advised to take an independent view from tax consultant.

15
Enhancing your Options
To allow your investment plan to keep pace with the changing times
and varying needs of your family, you can opt for some of our additional
benefits.
Other Options Benefits
Be able to meet any sudden or unforeseen expenses,
th
from the 6 policy year onwards. Post lock-in period,
Partial Withdrawals2
the first four Partial Withdrawals in the policy can be
done for free.
In the event of an unforeseen financial condition,
Discontinuance3 of you may decide to discontinue the policy.
policy Discontinuance of policy before the 5th policy year
will attract Discontinuance Charges.
Switch between fund options or change future
Switching / Premium premium allocation based on investment strategies
Re-direction as per your needs and investment objectives to
maximize your returns.
Alteration in Basic You can alter your premium by decreasing it up to
Sum Assured / 50% of original annual premium (on policy
Premium / Premium anniversary, subject to limits). This can be done only
Payment Term (PPT) / once during the policy term. Once reduced, premium
Policy Term (PT) cannot be increased. The Basic Sum Assured shall

9
 Other Options Benefits
Alteration in Basic also be reduced accordingly (Revised SA = Basic SA
Sum Assured / % reduction of Premium). This can be done only after
Premium / Premium first 5 policy years.
Payment Term (PPT) / You can additionally increase the PPT and / or PT
Policy Term (PT) selected initially to any other combination available
in the product (on policy anniversary, subject to
limits) without any change in premiums. This can
done only once during the policy term.
Please refer to Terms and Conditions for Partial Withdrawal and Discontinuance
in this document for further details.

Eligibility
Eligibility Criteria
Parameter Plan Option
Minimum Maximum
Maximizer 3 years 55 years
$ 1
Entry Age Rising Star 18 years 45 years
Retire Rich 3 years 50 years
Maximizer 18 years 75 years
$
Maturity Age Rising Star 28 years 60 years
Retire Rich Fixed at 99 years age of Life Insured

Policy Term Plan Option Policy Term

(PT)
Maximizer
10 years / 12 years / 15 years / 20 years
Rising Star
Retire Rich 99 minus Entry Age of Life Insured
Note:
1. For Maximizer and Retire Rich, the minimum policy
term will be equal to the smallest available term to
ensure that the Life Insured is a Major at the time of
maturity. For example if the Life Insured’s age is 7,
minimum policy term available would be 12 years

16
 Policy Term 2. For Rising Star option, where the beneficiary is a
minor, minimum policy term will be greater of 10 years
and 18 minus age last birthday of the Beneficiary on
the date of commencement, to ensure that the policy
matures when the beneficiary has attained the age of
majority. In case where 18 minus age last birthday on
the date of commencement lies between two available
policy terms, the next higher policy term will be
offered.
3. For Rising star option, where the beneficiary is an
adult, minimum policy term will be 10 years

Premium Premium
Payment Payment
Category Policy Term
Term Options Term Option
(PPT) (PPT)
Regular Regular 10 / 12 / 15 / 20 years
Maximizer 5, 7 years 10 / 12 / 15 / 20 years
Limited
10 years 12/ 15 / 20 years
Regular Regular 10 / 12 / 15 / 20 years
5 years 10 /12 /15/20 years
Rising Star
Limited 7 years 10 /12 /15 /20 years
10 years 12/ 15 / 20 years
10 to 60 minus
99 minus Entry
Retire Rich Limited Age at Entry of Life
Age of Life Insured
Insured
Premium
Maximizer Rising Star Retire Rich
Level
Minimum
Yearly ` 9,000/- For 5 & 7 PPT ` 9,000/-
Half Yearly ` 4,500/- ` 18,000 ` 4,500/-
Quarterly ` 2,250/- ` 9,000 ` 2,250/-
Monthly ` 750/- ` 4,500 ` 750/-
` 1,500

17
 For 10 PPT & Regular Pay
` 9,000/-
` 4,500/-
` 2,250/-
` 750/-

Maximum
Yearly
Half Yearly
No Limit No Limit No Limit
Quarterly
Monthly

Sum Assured Maximizer Rising Star Retire Rich

Basic Sum
Assured (Min & 10 times AP 10 times AP 10 times AP
Max)
(Annualized Premium = AP)

Maximizer Rising Star Retire Rich

Mode
Yearly, Minimum
Half-Yearly, Quarterly, Monthly
1
For Rising Star option, Under PT-PPT 20-5 option, max entry age is 40
$
Age above will be Age as on the last birthday
Illustration
Mr. Ram is a 35-year old businessman who lives with his wife and two
children. He is financially well off and is looking for investment
avenues with the objective to have adequate protection as well as
substantial corpus for future years. He requires a plan that is not only
efficient and does investment management for him, but also offers
liquidity to give him control over the investments.

Kotak e-Invest Plus is the perfect solution for him as it gives him the
option to select Investment Strategy and invest in funds of his choice
and at the same time enjoy adequate protection.

18
Given below is an illustration of the benefits payable to Mr. Ram for a
policy term of 20 years and premium payment term of 7 years with the
annual premium of ` 50,000 and a Basic Sum Assured of ` 5,00,000. He
has selected Maximizer Option and Self - Managed Investment
Strategy with 100% in Classic Opportunities Fund.
#
Benefits at 4% p.a.
End Age Cumulative Cumulative Fund Death
of (in Premium Additions Value Benefit
year years) (`) to the Fund (`) (`)
10 45 3,50,000 7,500 4,09,829 5,00,000
15 50 3,50,000 15,000 4,64,286 5,00,000
20 55 3,50,000 32,141 5,35,986 -

Benefits# at 8% p.a.
End Age Cumulative Cumulative Fund Death
of (in Premium Additions Value Benefit
year years) (`) to the Fund (`) (`)
10 45 3,50,000 7,500 537,121 537,121
15 50 3,50,000 15,000 734,121 734,121
20 55 3,50,000 27,954 1,006,724 -
Note: The above illustration is an extract of a separate, more detailed
benefit illustration. For full details, please refer to the Benefit
Illustration. Cumulative additions to the fund are inclusive of Yearly
Additions. The above figures are net of Goods and Services Tax and
Cess (GST), as applicable (For further details on GST, please refer to
Terms and Conditions). Goods and Services Tax and Cess rates are
subject to change from time to time as per the prevailing tax laws
and/or any other laws. The above illustration is for a healthy individual.
#
The values are based on assumed investment rate of return of 4% p.a.
& 8% p.a. The values shown are not guaranteed and they are not upper
and lower limit of returns, they have been shown for illustrative
purpose only.

19
Charges

Premium Allocation Charge: NIL

The rates of this charge shall be guaranteed for the Policy Term.

Policy Administration Charge

A policy administration charge of ` 400 per annum will be recovered
through monthly cancellation of units. This charge is applicable until
the end of the policy term.
The rates of this charge shall be guaranteed for the Policy Term.

Fund Management Charge (FMC)

The annual FMC of the funds in this plan are:

Segregated Fund Name Charge

Classic Opportunities Fund 1.35% per annum
Frontline Equity Fund 1.35% per annum
Kotak Mid Cap Advantage Fund 1.35% per annum
Kotak Nifty 500 Multicap 1.35% per annum
Momentum Quality 50 Index Fund
Balanced Fund 1.35% per annum
Dynamic Bond Fund 1.20% per annum
Dynamic Floating Rate Fund 1.20% per annum
Dynamic Gilt Fund 1.00% per annum
Money Market Fund 0.60% per annum
Discontinued Policy Fund 0.50% per annum
We reserve the right to change this charge for any segregated fund at
any time; subject to a maximum of 1.35% per annum, with prior IRDAI
approval. Provided that such maximum charge in the case of
Discontinued Policy Fund shall be 0.50% per annum.

20
Switching Charge
The first twelve switches in a policy year are free. For every additional switch
thereafter, ` 250 will be charged.
There is no charge for selecting and switching Investment Strategies but the
Fund Management Charge of the underlying funds shall be applicable.
We reserve the right to change this charge for any segregated fund at any
time. This shall be done with prior IRDAI approval; subject to a maximum of
` 500 per transaction.

Partial Withdrawal Charge

The first four Partial Withdrawals are free in this Plan. For each Partial
Withdrawal thereafter, ` 250 will be charged. Partial Withdrawal charges is not
applicable for systematic withdrawal feature under Retirement Income
option.
We reserve the right to change this charge for any segregated fund at any
time. This shall be done with prior IRDAI approval; subject to a maximum of
` 500 per transaction.

Discontinuance Charges
Discontinuance charges will be applicable as follows:

For annualized premium up to and including ` 50,000:-

Year during
which policy
1 2 3 4 5+
is
discontinued
For All Lowest of Lowest of Lowest of Lowest of
Regular /
• 20% of AP • 15% of AP • 10% of AP • 5% of AP
Limited Nil
• 20% of FV • 15% of FV • 10% of FV • 5% of FV
Premium
Levels • `3,000 • `2,000 • `1,500 • `1,000

21
For annualized premium above ` 50,000:-
Year during
which policy
1 2 3 4 5+
is
discontinued
For All Lowest of Lowest of Lowest of Lowest of
Regular /
• 6% of AP • 4% of AP • 3% of AP • 2% of AP
Limited Nil
• 6% of FV • 4% of FV • 3% of FV • 2% of FV
Premium
Levels • ` 6,000 • ` 5,000 • ` 4,000 • ` 2,000

AP = Annualized Premium; FV = Fund Value on the date of

Discontinuance
AP is the Annualized Premium selected by the policyholder at the
inception of the policy excluding the taxes, rider premiums and
underwriting extra premium on rider(if any)
The rate of this charge shall be guaranteed throughout the Policy Term.

Mortality Charge
This is the cost of life cover, which will be levied by cancellation of units
on a monthly basis. Given below are the charges per thousand Sum at
~
Risk for a healthy individual.
The mortality rates vary by attained age. Sample rates are given below:

Attained Age(in years) 20 30 40 50

Mortality Charge 0.924 0.977 1.680 4.436

~
Sum at risk for Plan Options except Rising Star: Death Benefit (as
derived) - Fund Value
Sum at risk for Rising Star: as derived by Death Benefit.
Under this plan option the sum at risk for waiver of premium benefit
is sum of future premium.
The sum at risk, during the period the policy is in reduced paid up
status, shall be calculated based on reduced paid up basic sum
assured
These charges (based on the age last birthday of the Life Insured) are
collected monthly from the fund by cancellation of units and are
guaranteed for the term of the contract.
22
Miscellaneous Charges
The charges for Policy alterations including issue of duplicate policy
document shall be as per the prevailing policy servicing manual of the
Company. We reserve the right to change this charge for any
segregated fund at any time. This shall be done with prior IRDAI
approval; subject to a maximum of ` 500 per transaction.

Terms & Conditions

1. Grace Period
• There is a Grace Period of 30 days for the annual, half-yearly and
quarterly mode and 15 days for the monthly mode from the due
date for payment of premium.
• The policy will be in-force during the Grace Period.

2. Partial Withdrawals
• Partial withdrawal will be allowed only if the Life insured is a major
• Partial Withdrawals will be allowed after completion of lock-in
period of five policy years years and provided five full years’
premiums have been paid.
• Minimum amount for partial withdrawal is ` 5,000.
• Partial Withdrawals should be in multiples of ` 1,000.
• The minimum amount required to be maintained in the Fund after
Partial Withdrawal is equal to 105% of the total premiums paid till
the date of Partial Withdrawal.
• Partial Withdrawals that result in Fund Value being less than 105%
of the total premiums paid till the date of Partial Withdrawal will not
be allowed. However, if the Fund Value (after Partial Withdrawal)
falls below 105% of the total premiums paid till the date of Partial
Withdrawal, either because of a charge or due to a fall in NAV, the
policy will continue till Fund Value remains positive.

23
• Partial Withdrawals (including Retirement Income applicable
under Retire Rich option) will have the following effect on the Basic
Sum Assured. Basic Sum Assured payable on death is reduced to
the extent of applicable Partial Withdrawals (including Retirement
Income) made from the Fund Value during the two years period
preceding the date of death of the Life Insured. Further, 105% of the
total Premiums paid shall be reduced by the Partial Withdrawal
(including Retirement Income) made during the 2 (two) years
period immediately preceding the death of the Life Insured.
• The partial withdrawal (includes Retirement Income as well) made
from the Fund Value during the two year period immediately
preceding the date of death of the life insured shall be referred as
Applicable Partial Withdrawal.
• Partial withdrawal will not be allowed during Discontinuance state
and Settlement period.
• Partial withdrawals shall be allowed when policy is in Reduced Paid
Up status.
• The partial withdrawals leading to termination of the policy shall
not be allowed.

3. Discontinuance and Revival

A.1 Discontinuance of the policy during lock-in period:
a) Upon expiry of the grace period, in case of discontinuance of
policy due to non-payment of premium, the fund value after
deducting the applicable discontinuance charges, shall be
credited to the discontinuance policy fund and the risk cover
and rider cover, if any, shall cease. This amount will earn
minimum guaranteed interest as specified by IRDAI till the end
of Lock-in Period or Revival period as applicable.

24
 b) Such discontinuance charges shall not exceed the charges,
stipulated in Regulation 2 (A)(vi)(c)(V) of Schedule-I of
Insurance Regulatory and Development Authority of India
(Insurance Products) Regulations, 2024. All such discontinued
policies shall be provided a revival period of three years from
date of first unpaid premium. On such discontinuance, Insurer
shall communicate the status of the policy, within three
months of the first unpaid premium, to the policyholder and
provide the option to revive the policy within the revival period
of three years.
i) In case the policyholder opts to revive but does not revive
the policy during the revival period, the proceeds of the
discontinued policy fund shall be paid to the policyholder at
the end of the revival period or lock-in period whichever is
later. In respect of revival period ending after lock-in period,
the policy's fund value will remain in Discontinued Policy
fund till the end of Revival period and the proceeds of the
Discontinued Policy Fund will be payable at the end of
Revival period. The Fund management charges of
discontinued fund will be applicable during this period
and no other charges will be applied.
ii) In case the policyholder does not exercise the option as set
out above, the policy shall continue without any risk cover
and rider cover, if any, and the policy fund shall remain
invested in the Discontinued Policy fund. At the end of the
lock-in period, the proceeds of the Discontinued Policy fund

25
 shall be paid to the policyholder and the policy shall
terminate.
iii) However, the policyholder has an option to surrender the
policy anytime and proceeds of the discontinued policy
shall be payable to the policyholder at either; (i) the end of
Lock-in Period if Surrender is within Lock-in period; or (ii)
date of Surrender if the Policy is surrendered while the
Policy is within the Revival period and has crossed the
Lock-in period, whichever is applicable

A.2 Revival of a Discontinued Policy during lock-in Period:

a) Where the policyholder revives the policy, the policy shall be
revived restoring the risk cover, along with the investments
made in the segregated funds as chosen by the policyholder,
out of the discontinued fund, less the applicable charges as
given in Section – IV Part C para 40.1.4 of Master Circular on
Life Insurance Products dated 12 t h June, 2024, issued
pursuant to Insurance Regulatory and Development Authority
of India (Insurance Products) Regulations, 2024 in accordance
with the terms and conditions of the policy.
b) The insurer, at the time of revival:
i) Shall collect all due and unpaid premiums without charging
any interest or fee.
ii) Shall levy policy administration charge and premium
allocation charge as applicable during the discontinuance
period. Guarantee charges, if applicable during the
discontinuance period, may be deducted provided the
guarantee continues to be applicable. No other charges
shall be levied.

26
 iii) Shall add back to the fund, the discontinuance charges
deducted at the time of discontinuance of the policy.

A.3 Segregated Discontinued Policy Fund:

a) The discontinued policy fund shall be a segregated unit fund.
b) The fund management charge on discontinued policy fund
shall be declared by the Authority from time to time. Currently,
the fund management charge shall not exceed 50 basis points
per annum.

A.4 Minimum Guaranteed Interest Rate:

a) The minimum guaranteed interest rate applicable to the
discontinued fund shall be declared by the Authority from time
to time. The current minimum guaranteed interest rate
applicable to the discontinued fund is 4% per annum.
b) The excess income earned in the discontinued fund over and
above the minimum guaranteed interest rate shall also be
apportioned to the discontinued policy fund in arriving at the
proceeds of the discontinued policies and shall not be made
available to the shareholders.

Notes for Discontinuance of the policy during lock-in period:

i. Facilities such as fund switches, switching between strategies
and Partial Withdrawals will not be allowed during the
discontinuance period.
ii. Investment Strategies will not be available if the policy is in the
Discontinuance.

27
 iii. Yearly Additions will not be credited during Discontinuance
period where policy was discontinued during lock-in period.
However, on revival Yearly Additions applicable (if any) during
the Discontinuance period will be credited.
iv. Revival will be subject to Board approved Underwriting Policy.
v. On discotinuance revival, the rider cover (if any) will be
reinstated.
vi. “Proceeds of the discontinued policies” means the fund value
as on the date the policy was discontinued, after addition of
interest computed at the interest rate stipulated in clause
2(A)(viii) of Schedule-I of IRDAI (Insurance Products)
Regulations 2024 and para 40.1.5 of the master circular on life
insurance products dated 12th June 2024, issued pursuant to
the Insurance Regulatory and Development Authority of India
(Insurance Products) Regulations, 2024.

A.5 Discontinuance of Policy after the lock-in-Period:

a) Upon expiry of the grace period, in case of discontinuance of
policy due to non-payment of premium after lock-in period, the
policy shall be converted into a Reduced Paid Up policy with the
Reduced Paid Up Basic sum assured i.e. Basic sum assured
multiplied by the total number of premiums paid to the original
number of premiums payable as per the terms and conditions
of the policy. The policy shall continue to be in Reduced Paid Up
status without rider cover, if any. All charges as per terms and
conditions of the policy may be deducted during the revival
period. However, the mortality charges shall be deducted
based on the Reduced Paid Up Basic sum assured only.
b) On such discontinuance, Insurer shall communicate the status
of the policy, within three months of the first unpaid premium,
to the policyholder and provide the following options:
28
 i. To revive the policy within the revival period of three years,
or
ii. Complete withdrawal of the policy.
c) In case the policyholder opts for (1) i.e. revive the policy within
revival period of 3 years but does not revive the policy during
the revival period, the fund value shall be paid to the
policyholder at the end of the revival period and the Policy shall
thereafter terminate.
d) In case the policyholder does not exercise any option as set out
above, the policy shall continue to be in Reduced Paid Up
status. At the end of the revival period the proceeds of the
policy fund shall be paid to the policyholder and the policy shall
terminate.
e) In case the Date of Maturity falls within the Revival period; the
Fund Value shall be payable as on the Date of Maturity. Yearly
Additions shall not be payable for Discontinued Policies.
f) However, the policyholder has an option to surrender the policy
anytime and proceeds of the policy fund shall be payable.

A.6 Revival of a discontinued Policy after lock-in Period

1) The policyholder can revive the policy, in accordance with
Section – IV Part – C para 40.1.7 of the Master Circular on Life
th
Insurance Products dated 12 June, 2024, issued pursuant to
the Insurance Regulatory and Development Authority of India
(Insurance Products) Regulations, 2024. Where the
policyholder revives the policy, the policy shall be revived
restoring the original risk cover in accordance with the terms
and conditions of the policy.

29
 2) The insurer, at the time of revival:
a) Shall collect all due and unpaid premiums under base plan
without charging any interest or fee. The rider (if any) may
also be revived at the option of the policyholders.
b) Shall levy premium allocation charge as applicable. The
guarantee charges may be deducted, if guarantee
continues to be applicable.
c) No other charges shall be levied.

Notes for Discontinuance of Policy after the lock-in-Period:

i. Facilities such as fund switches, switching between strategies,
partial withdrawal will be available during Reduced Paid Up
status
ii. Investment Strategies will be available if the policy is in
Reduced Paid Up status.
iii. Yearly Additions & ROMC will not be credited during Reduced
Paid Up Status, on revival both Yearly Additions & ROMC
applicable (if any) during the Reduced Paid Up period will be
credited.
iv. Revival will be subject to Board approved Underwriting Policy.
v. On Reduced Paid-Up revival, the rider cover (if any) will be
reinstated.
vi. No guarantee charges are applicable under this product.

4. Death Benefit in Reduced Paid Up Status

Under Reduced Paid Up status, on death of life insured, following
benefit is paid for all plan options except Rising Star:-
• Higher of:
o Reduced Paid Up Basic Sum Assured less applicable partial
*
withdrawal amount (if any), or
o Fund value inclusive of Yearly Additions, if any or

30
 o 105% of the Total premiums paid till date of death less
applicable partial withdrawal amount*

The above mentioned Death Benefit shall be payable as lumpsum and

the Policy shall terminate thereafter.
For Rising Star:-
• Higher of:
o Reduced Paid Up Basic Sum Assured less applicable partial
*
withdrawal amount (if any) or
o 105% of the total premiums paid till date of death less
applicable partial withdrawal amount* is paid as lump sum
PLUS
o Present value of Reduced regular monthly income~
(defined below) discounted at 5% p.a. Is paid as lump sum
PLUS
o Fund value
The policy shall terminate after payment of death benefit.

~Reduced Regular Monthly Income:

1% of Reduced Sum Assured is payable monthly to the policyholder,
starting from the next month following the lump sum benefit
payout, for 36 installments.
*for details on Partial Withdrawal, please refer to section on Partial
Withdrawals.

5. Discontinued Policy Fund

In case of discontinuance during first five policy years, funds will be
transferred to Discontinued Policy Fund. The details of the Fund are
as follows:

31
 Discontinued Risk- Return
Investment Objective Investment Pattern
Policy Fund Profile
Discontinued Aims to provide
Policy Fund secure returns to Money market:
(ULIF-050- policies in the 0% - 40%;
Secure
23/03/11- discontinued state, by Gov. Securities:
DISPOLFND- investing in low-risk 60%-100%
107) debt instruments.

The asset categories under the discontinued policy fund may vary in
future in line with relevant IRDAI Regulations / Circulars.

6. Settlement Option
Through Settlement Option, Policyholder will have the option of
taking maturity proceeds either as lump sum or through pre-
selected periodic instalments (yearly, half-yearly and quarterly
only) and this should be intimated to the company within 3 months
prior to the date of maturity. The first instalment under Settlement
Option shall be payable on the date of maturity. The Settlement
Options available are:
1) 50% of the maturity proceeds as a lump sum and balance 50%
as periodic instalments OR
2) Whole of the maturity proceeds as equated periodic instalments.
i. The instalments can be taken over a maximum period of 5
years called the Settlement period.
ii. In case of non-annual modes, the yearly instalments for
each year shall be further divided equally as per mode
chosen
• Life Insured should specify mode of the periodic
instalments, i.e. quarterly / half – yearly / yearly at the

32
 point of pre-settlement notification. In case of option 1
above, after the payment of lump sum amount, 20% of
the balance amount shall be payable each year (i.e. 10%
of the Maturity Benefit) over a period of 5 years.
• In case of option 2 above, the yearly instalments i.e.
20% of Maturity Benefit will be payable over a period of
five years.
• In case of non-annual modes, the yearly instalments for
each year shall be further divided equally as per mode
chosen.
iii. Choice of funds, as available under the Self-Managed
Strategy, in which maturity proceeds are to be maintained
during the Settlement period also needs to be communicated
to the Company at the point of pre-settlement notification.
Available funds under the plan only can be used for this.
iv. On selecting the Settlement Option, the number of units to
be liquidated to meet each payment shall depend on the
respective fund NAVs as on the date of each payment. First
instalment shall be paid on the date of maturity along with
the lump sum if any.
v. During the settlement period, the investment risk in the
investment portfolio is borne by the Policyholder or Life
Insured. Thus there is a possibility that the Fund Value can
grow or deplete during the Settlement period and the
return/risk of such movement will be borne by the
Policyholder or Life Insured. Accordingly the Total Benefit
payable under the product may vary i.e. the instalment
amount payable may be higher or lower than instalment
calculated initially.
33
 vi. Switching between the funds will be allowed during the
Settlement Period and the first 12 switches in the
Settlement Period are free. Switching Charges will be
applicable from the 13th switch done during the Settlement
Period.
vii. Partial Withdrawals will not be allowed during the
Settlement Period.
[Link] case of death of life insured during Settlement period,
higher of 105% of total premiums paid or balance Fund
Value shall be paid immediately in lump sum and the policy
ceases. No other benefit is provided during Settlement
Period. Accordingly, mortality charges will be deducted.
ix. At the end of Settlement Period, on survival of the life
insured, the balance of Fund Value, if any will be paid out as
one lump sum and the policy will cease thereafter.
x. Fund Management Charges (FMC), switching charges and
the applicable taxes (currently Goods and services tax and
cess, as applicable) will be recovered by adjustments to the
NAVs of the funds invested in or through deduction of units
from the funds. Mortality charge will be also be levied during
Settlement Period based on the Sum At Risk. Other charges
will not be applicable.
xi. If the Policyholder requests for pre-closure or the Fund
Value is insufficient (due to volatility in the Market or due to
charges) to pay the desired amount of instalment, then the
balance Fund Value will be payable without levying any
charge and the policy will be terminated without levying any
other charges.

34
 xii. In case the Policyholder and the Life Insured are different
the above options shall be exercised by the Life Insured.
[Link] is an option of complete withdrawal at any time
during the settlement period without levying any charge.
[Link] option is not available under Rising Star and Retire Rich.

7. Policy Loans
Loans are not available under this plan.

8. Maximum Charge Level

We reserve the right to change the level of charges, which shall
be done with prior IRDAI approval; subject to a maximum limits
specified by IRDAI.

9. Nomination & Assignment

Nomination will be allowed under the plan as per Section 39 of
the Insurance Act, 1938 as amended from time to time.
Assignment is allowed in this plan as per Section 38 of the
Insurance Act, 1938 as amended from time to time.

10. Free Look Period

The Policyholder is offered a 30 days’ free look period to review
the terms and conditions of the Policy (except for policies
having a policy term of less than a year) beginning from the date
of receiving the Policy Document in electronic form. In case the
Policyholder is not agreeable to any terms and conditions of the
Policy or otherwise; then subject to no claims having been
made hereunder, the Policyholder may choose to return the

35
 Policy to the Insurer for cancellation, stating the reasons
thereof within the aforesaid free look period.

Should the Policyholder choose to return the Policy, the

Policyholder shall be entitled to a refund of the Fund Value on
the date of cancellation plus the non-allocated premium (if any)
plus any charges levied by cancellation of Units; after
deducting the proportionate risk Premium for the period of
cover, stamp duty charges and expenses of medical
examination (if any). A Policy once returned shall not be revived,
reinstated or restored at any point of time and a new proposal
will have to be made for a new Policy. Where Rider(s) are
available under the base Policy and so opted by the
Policyholder, the same would also stand cancelled when the
free look provision of the base Policy is exercised.

11. Suicide Exclusion

In case of death of the Life Insured due to suicide within 12
months from the date of commencement of the policy as
applicable, the nominee or the beneficiary of the policyholder
shall be entitled to the fund value, as available on the date of
intimation of death, provided the policy is in-force.

In the event of death of the Life Insured due to suicide within 12

months from the date of revival of the policy, when the revival is
done within 6 months from the date of discontinuance, Suicide
Exclusion shall not be applicable and the Death Benefit under
the product shall be payable, provided the policy is in-force.

36
 However, in case of death of the Life Insured due to suicide
within 12 months from the date of revival, when the revival is
done after 6 months from the date of discontinuance, only the
fund value as on the date of intimation of death is payable to the
nominee or beneficiary of the Policyholder; provided the Policy
is in force. Further, any charges other than Fund Management
Charges (FMC) and guarantee charges recovered subsequent
to the date of death shall be added back to the Fund Value as
available on date of intimation of death.

12. Fund NAV's

NAV of a fund is calculated and published in financial
newspapers on each business day. Net Asset Value (NAV) of a
Unit Linked Fund shall be calculated as follows:
Net Asset Value (NAV) = “(Market Value of Investments held by
the fund + Value of Any Current Assets - Value of any Current
Liabilities & Provisions, if any) divided by the number of units
existing at valuation date (before creation / redemption of any
units)”
• In respect of funds switched or premiums received by the
insurer along with a local cheque or a demand draft payable
at par at the place where the premium is received, up to 3.00
p.m., the closing NAV of the day on which premium is
received shall be applicable.
• In respect of funds switched or premiums received by the
insurer along with a local cheque or a demand draft payable
at par at the place where the premium is received, after 3
p.m., the closing NAV of the next business day shall be
applicable.
37
 • In respect of premiums received with outstation
cheques/demand drafts at the place where the premium is
received , th e clo sin g N AV o f th e d ay o n wh ich
cheques/demand draft is realized shall be applicable.
• Having regard to the above, insurer shall ensure that each
and every payment instrument is banked with utmost
expedition at the first opportunity, given the constraints of
banking hours, prudently utilizing every available banking
facility (e.g. high value clearing, account transfer etc.) Any
loss in NAV incurred on account of delays, shall be made
good by the insurer.
• Separate fund allocations must be stipulated.
• NAV’s are available on the website for reference.

13. Availability of Unit Statement & Annual Statement :

The policyholder may check the Unit Statement in D02 format
available on the Online Policy Manager (OPM) using the
prescribed link: [Link] In order
to view the Unit Statement, the Policyholder has to register on
Online Policy Manager to generate the Login ID and Password.
The annual statement would also be shared with the
policyholders at policy anniversary.

14. Goods and Services Tax and Cess:

Goods and Services Tax and Cess, as applicable shall be levied
on all applicable charges as per the prevailing tax laws and/or
any other laws. In case of any statutory levies, cess, duties etc.,
as may be levied by the Government of India from time to time,
the Company reserves its right to recover such statutory

38
 charges from the policyholder(s) by deduction from the Fund
Value.

15. Availability:
This product is available to be distributed through Individual
Agents, Corporate Agents, Brokers, Insurance Marketing Firms
(IMF), Web Aggregators, Direct Marketing, Direct (Salaried)
Marketing such as Tele Sales and Direct Sales Force, Online
Channel and ISNP.

16. Vesting in case of minor life:

If the policy has been taken on the life of a minor, the policy shall
automatically vest on him/her with effect from the date of
completion of 18 years of age and the Life Insured will become
the Policyholder from such date subject to Assignment, if any.
The Company shall thereafter enter into all correspondence
directly with him/ her

17. Foreclosure and Termination of policy:

If the fund value is not sufficient to cover the charges then the
policy will be foreclosed and the remaining fund value will be
paid to Policyholder.
The policy will terminate at the earliest of any of the below
scenarios:
• Date the customer requests for termination of the cover
(subject to lock-in period) or
• Date of discontinuance & release of discontinuance payout
to the policyholder (subject to lock-in period) or

39
 • Date on which the revival period ends and the policy is not
revived by the policyholder or
• For Maximizer and Retire Rich option : Date on which the
death claim payment has been made. For Rising Star
Option: Incase of Death of the Life Insured where all due
premiums are paid till the date of death, the policy still
continues till Maturity) or
• On cancellation/ termination of the Policy by Us on grounds
of misstatement, fraud or non-disclosure established in
accordance with Section 45 of the Insurance Act, 1938 as
amended from time to time
• Date of cancellation of the policy when the policy is in free
look period.
• Date on which the policy matures & release of maturity
benefit to the policyholder or
• Date on which the last benefit payout under the Settlement
Option (if opted for) is paid to the policyholder.

18. “Force Majeure Event”

Means an event by which performance of any of Our
obligations are prevented or hindered as a consequence of any
act of God, State, strike, lock-out, legislation or restriction by
any government or other authority or any circumstance beyond
Our control.

40
RISK FACTORS
• Linked Insurance products are different from the traditional
insurance products and are subject to the risk factors.
• The premium paid in linked insurance policies are subject to
investment risks associated with capital markets. The NAVs of the
units may go up or down based on the performance of fund and
factors influencing the capital market and the insured is responsible
for his/her decisions.
• Kotak Mahindra Life Insurance Company Ltd. is only the name of the
Life Insurance Company and Kotak e-Invest Plus is only the name of
the linked life insurance contract and does not in any way
indicate the quality of the contract, its future prospects or returns.
• The various funds offered under this contract are the names of the
funds and do not in any way indicate the quality of these plans, their
future prospects and returns.
• Please know the associated risks and the applicable charges, from
your insurance agent or intermediary or policy document issued by
the insurance company.

41
Extract of Sections 41 of the Insurance Act, 1938 as amended from
time to time states:
(1) No person shall allow or offer to allow, either directly or indirectly, as
an inducement to any person to take or renew or continue an insurance
in respect of any kind of risk relating to lives or property in India, any
rebate of the whole or part of the commission payable or any rebate of
the premium shown on the policy, nor shall any person taking out or
renewing or continuing a policy accept any rebate, except such rebate
as may be allowed in accordance with the published prospectuses or
tables of the insurer:
(2) Any person making default in complying with the provisions of this
section shall be liable for a penalty which may extend to ten lakh
rupees.

Section 45 of the Insurance Act, 1938 as amended from time to time

states:
Fraud, Misstatement and Forfeiture would be dealt with in accordance
with provisions of Section 45 of the Insurance Act, 1938 as amended
from time to time.
Please visit our website for more details:
[Link]
ion38_39_45_of_insurance_act_1938.pdf

42
About Us
Kotak Mahindra Life Insurance Company Ltd. is a 100% owned
subsidiary of Kotak Mahindra Bank Limited (Kotak) which provides
insurance products with high customer empathy. Its product suite
leverages the combined prowess of protection and long term savings.
Kotak Life Insurance is one of the growing insurance companies in
India and has covered over several million lives.

For more information, please visit the company's website at

[Link]

Kotak Mahindra Group

Kotak Mahindra Group is one of India's leading banking and financial
services organizations, offering a wide range of financial services that
encompass every sphere of life. From commercial banking, to stock
broking, mutual funds, life insurance and investment banking, the
Group caters to the diverse financial needs of individuals and the
corporate sector.

For more information, please visit the company’s website at

[Link]

43
 BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /
FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance
policies, announcing bonus or investment of premiums. Public
receiving such phone calls are requested to lodge a police complaint.

TOLL FREE 1800 209 8800

WhatsApp: 9321003007
[Link]

Kotak e-Invest Plus; UIN - 107L137V02.

This is a non-participating unit-linked life insurance individual savings

product. The sales brochure gives only the salient features of the plan.
Please refer the Policy Document for specific details on all terms and
conditions.

Kotak Mahindra Life Insurance Company Ltd ; Regn. No.: 107, CIN:
U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G-
Block, BKC, Bandra (E), Mumbai - 400 051. Website:
[Link] WhatsApp: 9321003007; Toll Free No. –
1800 209 8800. Ref. No. KLI/25-26/E-PB/302.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited

and is used by Kotak Mahindra Life Insurance Company Ltd. under
license.

44